How do I record the journal entries for XYZ company having 8,000,000 shares of $1 par...
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do I record the journal entries for XYZ company having 8,000,000
shares of $1 par...
10) Given the following information, record the following journal entries. On 1/1/17 XYZ company issued 4,000...
10) Given the following information, record the following journal entries. On 1/1/17 XYZ company issued 4,000 shares of restricted stock to selected employees. The market value of the shares was $100, the vesting period was 5 years (i.e., the employees had to wait 5 years before the restrictions were lifted. The par value of the stock was $5. a) Date of stock issuance. b) Record compensation expense for 2017. c) Employees holding 1,000 shares left the company on 6/30/2019
Prepare journal entries to record the following transactions for Kenley in for the third quarter of...
Prepare journal entries to record the following transactions for Kenley in for the third quarter of 2019. Kenley Inc. was organized and authorized to issue 5,000 shares of $50 par value, 7% percent preferred stock and 100,000 shares of $5 par value common stock on July 1, 2019. July 1 Issued 10,000 shares of common stock at $11 per share July 1 Issued 200 shares of common stock at $12 per share for services rendered in connection with the organization...
D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of...
D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of $90-par value preferred stock. Give the general journal entry required in the attached workpaper to record the issue of 50,000 shares of common stock for $18 per share cash. D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of $90-par value preferred stock. Give the general journal entry required in the attached workpaper to...
1.) Presented below is information related to Wally Company: Prepare the general journal entries necessary to record the...
1.) Presented below is information related to Wally Company: Prepare the general journal entries necessary to record the following transactions: (a) The company is granted a charter that authorizes issuance of 15,000 shares of $100 par value preferred stock and 40,000 shares of no-par common stock. (b) 12,000 shares of common stock are issued to the founders of the corporation for land valued by the board of directors at $400,000. The board established a stated value of $10 per share...
XYZ Company issued 10,000 shares of $1 par value common stock at a price of $20...
XYZ Company issued 10,000 shares of $1 par value common stock at a price of $20 per share. On Jan. 1, XYZ buys back 1,000 of its shares at $22 per share. On Jan. 15, XYZ sells 100 treasury shares at $25 per share. Please write the necessary journal entries for Jan. 1 and Jan. 15.
Part I. Journal Entries and Calculations 1. Survivor Company was formed on January 1, 2010 by...
Part I. Journal Entries and Calculations 1. Survivor Company was formed on January 1, 2010 by selling and issuing 20,000 shares of common stock at $15 per share. On December 1, 2010, the company declared a cash dividend of $10,000 which will be paid in cash on January 15, 2011. Requirements: A. Prepare the journal entry to record the sale and issuance of the common stock on January 1, 2010 under each of the following independent assumptions: 1. The common...
15-15 Required: Prepare memorandum and journal entries to record the preceding transactions. 16.15 Treasury stock, Cost...
15-15
Required: Prepare memorandum and journal entries to record the preceding transactions. 16.15 Treasury stock, Cost Method On January 1. Larain Corporation had 2.000 shares of Par 187 authorized and outstanding. These shares were originally issued at a price of $26 per These shares were originally issued at a price of $26 per share. In addition, 500 shares of $50 par preferred stock were outstanding. These were issued at a price of 7o Pet following stock transactions occurred: outstanding. These...
Dominica Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020,...
Dominica Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Issued 400,000 shares of stock at $7 per share. Sept. 5 Purchased 30,000 shares of common stock for the treasury at $9 per share. Journalize the transactions for Dominica Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)...
Please write clear answers and do not hand writing. Prepare a journal entries to record those...
Please write clear answers and do not hand writing.
Prepare a journal entries to record those transactions:
18. Stock dividends. The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2017 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 2,000,000 shares; issued, 600,000 shares $3,000,000 Paid-in capital in excess of par 850,000 Retained earnings 4.500.000 $8.350.000 The following events occurred during 2018: 1. Jan. 5 45,000 shares of authorized and unissued common stock were...
1. ABC COMPANY PURCHASED $500,000 BONDS IN XYZ COMPANY 2. ABC COMPANY PURCHASED $500,000 STOCK IN...
1. ABC COMPANY PURCHASED $500,000 BONDS IN XYZ COMPANY 2. ABC COMPANY PURCHASED $500,000 STOCK IN XYZ COMPANY 3. ABC COMPANY PURCHASED 5,000 SHARES OF ITS OWN COMMON STOCK FOR ITS TREASURY. THE PAR VALUE IS $3/SH AND THE SELLING PRICE IS $100/SH BASED ON 3. ABOVE, ABC COMPANY SOLD 1,000 SHARES OF ITS TREASURY STOCK FOR $102/SH 5. ABC COMPANY ISSUED 10,000 SHARES OF ITS COMMON STOCK FOR CASH. PV IS $3/SH AND THE SELLING PRICE IS $99/SH 6....
10) Given the following information, record the following journal entries. On 1/1/17 XYZ company issued 4,000 shares of restricted stock to selected employees. The market value of the shares was $100, the vesting period was 5 years (i.e., the employees had to wait 5 years before the restrictions were lifted. The par value of the stock was $5. a) Date of stock issuance. b) Record compensation expense for 2017. c) Employees holding 1,000 shares left the company on 6/30/2019
D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of $90-par value preferred stock. Give the general journal entry required in the attached workpaper to record the issue of 50,000 shares of common stock for $18 per share cash. D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of $90-par value preferred stock. Give the general journal entry required in the attached workpaper to...
Part I. Journal Entries and Calculations 1. Survivor Company was formed on January 1, 2010 by selling and issuing 20,000 shares of common stock at $15 per share. On December 1, 2010, the company declared a cash dividend of $10,000 which will be paid in cash on January 15, 2011. Requirements: A. Prepare the journal entry to record the sale and issuance of the common stock on January 1, 2010 under each of the following independent assumptions: 1. The common...
15-15
Required: Prepare memorandum and journal entries to record the preceding transactions. 16.15 Treasury stock, Cost Method On January 1. Larain Corporation had 2.000 shares of Par 187 authorized and outstanding. These shares were originally issued at a price of $26 per These shares were originally issued at a price of $26 per share. In addition, 500 shares of $50 par preferred stock were outstanding. These were issued at a price of 7o Pet following stock transactions occurred: outstanding. These...
Please write clear answers and do not hand writing.
Prepare a journal entries to record those transactions:
18. Stock dividends. The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2017 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 2,000,000 shares; issued, 600,000 shares $3,000,000 Paid-in capital in excess of par 850,000 Retained earnings 4.500.000 $8.350.000 The following events occurred during 2018: 1. Jan. 5 45,000 shares of authorized and unissued common stock were...
1. ABC COMPANY PURCHASED $500,000 BONDS IN XYZ COMPANY 2. ABC COMPANY PURCHASED $500,000 STOCK IN XYZ COMPANY 3. ABC COMPANY PURCHASED 5,000 SHARES OF ITS OWN COMMON STOCK FOR ITS TREASURY. THE PAR VALUE IS $3/SH AND THE SELLING PRICE IS $100/SH BASED ON 3. ABOVE, ABC COMPANY SOLD 1,000 SHARES OF ITS TREASURY STOCK FOR $102/SH 5. ABC COMPANY ISSUED 10,000 SHARES OF ITS COMMON STOCK FOR CASH. PV IS $3/SH AND THE SELLING PRICE IS $99/SH 6....
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